In the decision on whether or not to drop an unprofitable product line, the product line will most likely be dropped if:
A) all of the product line's fixed costs are unavoidable.
B) the product line's total fixed costs are less than the contribution margin lost from dropping the product line.
C) the contribution margin lost from dropping the product line is less than the fixed costs avoided from dropping the product line.
D) the contribution margin lost from dropping the product line is more than the fixed costs avoided from dropping the product line.
C
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Stock Dividends Distributable is reported as an addition to common stock in the stockholders' equity section of the balance sheet
a. True b. False Indicate whether the statement is true or false
The current assets of Lane Enterprises are considered very liquid at December 31, 2012. This means that Lane:
A) has a larger quick ratio than current ratio. B) must decrease its liquidity in order to appear more favorable to potential investors. C) should attempt to borrow money in order to remain in business. D) is able to pay its current obligations using its current assets.
_______ refers to an organizational philosophy that bases pay on organizational loyalty/tenure.
A. Pay for performance B. Pay for longevity C. Skill-based pay D. At-market pay E. Below-market pay
__________refers to the number of product lines an organization offers
Fill in the blanks with correct word.